Technology Transformation Incentive Scheme
MoIAT, in collaboration with its partners, has launched a set of incentives to accelerate technological transformation in the industrial sector and enhance its global competitiveness. These incentives include:
- Linking ITTI with the National In-Country Value (ICV) Program: Factories that conduct ITTI assessments and get a certain score can receive an additional 5% bonus on their ICV score, enhancing their competitiveness in the government procurement process.
- Golden Visa: Eligible employees from ITTI assessed companies can benefit from the Golden Visa scheme, which is integrated within the ITTI to attract and retain outstanding talents worldwide.
- Free ITTI Assessments: Factories that meet certain criteria are eligible for free ITTI assessments to evaluate their capabilities and level of digital maturity, helping them understand where and how they can improve sustainability and efficiency through best practices and technology adoption.
- Linking ITTI with Technology Adoption Grants: The ITTI is linked to the Smart Manufacturing Incentive Program (SMIP), offered by the Abu Dhabi Department of Economic Development, which provides up to AED1.5 million per company to support technological transformation.
- Advanced Technology Financing: Since 2021, MoIAT, through its strategic partnership with the Emirates Development Bank and First Abu Dhabi Bank, has financed projects worth up to AED3.1 billion.
